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cathyan

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  1. Terry, I go through OLT for my software, and must say customer support is wonderful. I have to say I've had very few issues with the software over the last three years, but everything has been handled quickly. They know what they're doing.
  2. I'll be downloading mine today or tomorrow and working with it a bit.
  3. I renewed through OLTPro. I really liked the program this year, and customer support (through email, which I prefer) was fantastic.
  4. No, I don't have that problem. My problem with it is it won't let me print without a date filled in. Sometimes people come in a week or more after I print, then we have to cross out pre-printed date, and I don't like doing that.
  5. I haven't had any like this yet, but know there will be a couple of them. I'm going to play around with it some more, so if I find any, I'll let you know!!
  6. I have a client who has a Contract for Deed on her house. Contract requires her to pay the Real Estate tax on the home. She qualifies in every way to claim the Real Estate Tax Rebate, except the title is still in the name of the person she is buying the house from. Does she get the rebate or not?
  7. You can change it by going to TOOLS, Options, Content, then under the fonts and colors, you can set the font you want and the size. If that doesn't work, go to your Windows display, and see if you can adjust it there.
  8. http://news.yahoo.com/taxes-severance-pay-u-supreme-court-hear-case-060251331--sector.html
  9. "It should be re-labeled as "entitlement"....especially when someone files a Schedule C to get it." MsTabbyKats, I don't usually reply to these threads, but I must take umbrage with your blanket statement. I have many clients who file a "C", and have for years. They are drywallers, roofers, auto mechanics, lawn care providers, housekeepers, and even insurance salesmen. Some have employees, some use other IC'S. All keep good records, and have provided for their families quite well, and gladly paid any tax due. The last few years, though, after the economy tanked, many of them have gotten the EIC, much to their surprise. I'm sure you meant those who file a "C" with poor or nonexistent records (who we shouldn't even be filing for anyway), but your statement maligns many hard working people who are having a hard time right now.
  10. He hasn't defaulted on it. They are taking repayment out of paycheck.
  11. Client on extension brought in his paperwork yesterday. Included is a 1099-R for a LOAN he took out from his thrift plan. The 1099 is coded 1 and has Fed withholding. But it was a loan. He's paying it back, and hasn't missed any payments. What is the best way to handle this? He is going to talk to them, and, if needed, give me permission to talk to them, but I want to be prepared with the best way to explain that a loan, with up-to-date payments is not treated as a distribution. I've seen his paystubs, and it is being repayed. Thanks for any insights!
  12. Mine finally came yesterday. I renewed in January.
  13. Thank you both. KC, I did not intend to give legal advice. I just wanted to know what issues could come up that they would need to discuss with a lawyer.
  14. Hopefully, someone will have knowledge of a situation like this. I've tried searching the internet, but am probably not using the right search words. My client came in yesterday and asked what would be the tax and inheritance consequences if his mother built, with her own money, a home on his property. She's in her 80's and still quite healthy, but is trying to plan ahead. She does not want to go to a nursing home, so, living next to him would allow his family to care for her, if the need arose. Would he need to "rent" her the land she would build on? After her death, how would he inherit it? A TOD on the title? And, what quickly came to my mind, although she is quite wealthy, what if she did need Medicaid assistance? How could the State recoup money from a house on land that she did not own? If anyone can point me in the right direction to learn more about a situation like this, I'd sure appreciate it!
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